You're Hired; Faster

IaaS startups are revolutionising hiring, enabling businesses to acquire talent quicker, smarter and more effectively than ever

- SAMREEN WANI

Rahul Arora never wanted to participate in Shark Tank.

The founder was sceptical that appearing on the reality television series would benefit his B2B startup, Intervue, in any way.

"I had that notion because people can directly purchase from D2C brands after seeing their Shark Tank pitch, and I felt that it wouldn't affect B2B [startups] much because across a large enterprise who would watch a Shark Tank episode and say that I want this product," Arora says.

Turns out, he was wrong. The reluctant entry into the show led to a significant deal with Aman Gupta, an angel investor and co-founder of boAt Lifestyle, who invested ₹1.5 crore for 2 percent equity in Intervue, an Interview-as-a-Service (IaaS) startup.

Like a dozen other IaaS startups in the country, Intervue works to simplify the hiring process—the most time-consuming activity for companies today—by offering a fully outsourced solution.

Talent acquisition has been one of the most persistent problems for tech companies for years—established enterprises and small independent firms alike—precisely because identifying, vetting and securing the right kind of talent for any company is a significant drain on resources that requires considerable logistical bandwidth, expertise and time.

For Rana Chakrabarti, general manager at Wipro, some of the main challenges while hiring have been the "closure of a high volume of candidate screening and technical evaluation, volume of skill demand, and the availability of the technical panel".

This is where FloCareer stepped in. "Essentially, the whole pitch was around productivity—how to let your team focus on their core business rather than spending hours and hours on interviews," says Mohit Jain, co-founder of FloCareer, an IaaS startup that now helps Wipro streamline its hiring.